This week (September 15-19), the Hong Kong stock market showed an up-and-down but overall upward trend, driven by the Federal Reserve's interest rate cut and the wave of developments in the AI industry. The $HSI(HSI)$ closed at 26,533.04 points on Friday, with a weekly gain of 0.55%. The $HSTECH(HSTECH)$ performed even better, rising 4.97% over the week to 6,287.02 points. Trading was active across the market, with total weekly turnover reaching HK$1.67 trillion. On September 18, turnover exceeded HK$4,133 billion, the highest since April 9.Non-essential consumer goods and technology sectors were the market highlights. The Hang Seng Tech Index had a strong showing throughout the week, with an intraday sw

Here’s my take on the JPMorgan cut of Pop Mart to HK$300, and where might be decent “dip‐buy” levels, plus key risks and what to watch out for.  JPMorgan recently downgraded Pop Mart’s rating from Overweight to Neutral, and lowered their target price from HK$400 to HK$300.  The reasons they cite: • Valuation is “priced for perfection” — a lot of positive catalysts have already been realized (four of seven in JPM’s list) and many expectations are now built into the current share price. • Remaining catalyst visibility is low — things like animation release, Labubu 4.0 launch, interactive toys are still planned but with low visibility / uncertain timing • Risk from small misses — given how high expectations are, even minor disappointments (product, licensing, resale demand, competit

🧸 Pop Mart at HK$300: Disney-in-the-Making or Hype at Its Peak? Pop Mart has been the darling of Hong Kong’s consumer rally in 2025. From the frenzy around Labubu to the surprise move into jewellery, it’s built one of the most talked-about IP-driven ecosystems in Asia. But now, even the bulls are pausing. This week, JPMorgan cut its target price from HK$400 to HK$300, warning that the year’s biggest catalysts are already priced in. Shares are holding near record highs, but the downgrade begs a tough question: is this dip a gift for believers, or the start of a hangover after too much hype? --- 📊 What Fueled the Rocket Ride? Pop Mart’s rally wasn’t luck — it was execution plus timing. H1 revenue jumped +204% YoY to RMB 13.9B, outpacing nearly every consumer peer. Management hiked its full-y

🌟🌟🌟Pop Mart $POP MART(09992)$  just popped 8.6% today due to strong 1H 25 earnings and a positive outlook for continued growth fueled by global expansion and innovative IP strategies.  Pop Mart's story began in 2010 when Wang Ning, Founder and CEO  of Pop Mart $POP MART(09992)$  launched a humble store in Beijing with a radical idea: that toys could be emotional art.  Today Pop Mart is a global powerhouse and its characters like the defiant nostalgic Labubu, have become cultural icons. Pop Mart H1 25 results smashed past expectations as its Net Profit surged almost 400% in the first half, exceeding expe

As I look at the recent update from JPMorgan cutting Pop Mart's $POP MART(09992)$   target price from HK$400 to HK$300, I tend to agree with this adjustment. The share price has rallied significantly this year, driven by strong first-half results, the Uniqlo collaboration, index inclusion, and the opening of gold jewelry stores. It feels like the stock has already priced in these catalysts, and now might be a good time for it to take a breather and cool down the frenzy that's been building up. I believe maintaining investor excitement without near-term major catalysts could be challenging for Pop Mart. The momentum that carried the stock this far might wane if there's no clear, immediate driver to keep the

In recent days, China’s A-share market has ignited a long-awaited rally—Shanghai’s benchmark index broke through a ten-year high, and the total market capitalization of A-shares surpassed the landmark ¥100 trillion for the first time. This wave of momentum has drawn fresh attention to “China assets,” especially the potential of its technology sector.Over the past decade, when people think of the world’s most influential tech companies, their minds go straight to Wall Street’s “Big Tech Seven”: $Apple(AAPL)$ , $Microsoft(MSFT)$ , $Alphabet(GOOG)$ , $Amazon.com(AMZN)$ , $NVIDIA(NVDA)$

In the second half of 2025, Hong Kong’s capital market is embracing a brand-new “spring.” It’s not just about the IPO pipeline gearing up or HKEX delivering record profits—what’s more important is the surging southbound capital from A-shares, which has rapidly fueled the ETF market’s momentum, turning it from a niche corner into the spotlight.According to HKEX’s latest interim results, profits for the first half of 2025 soared nearly 40% to a record HK$8.52 billion, with average daily stock turnover reaching HK$222.8 billion and Stock Connect flows hitting new highs. Particularly striking is the surge of southbound inflows into ETFs: daily ETF turnover climbed to HK$33.8 billion, a jump of nearly 184%, significantly boosting both liquidity and valuations across the ETF market.So far this y

🚨🚨On September 15, 2025, global markets were largely characterized by a cautious tone as investors awaited the U.S. Federal Reserve's policy meeting later in the week, where a rate cut is widely expected. Here's a summary of the key market analysis: Key Market Drivers:  * Anticipated Fed Rate Cut: The primary market focus is on the upcoming FOMC meeting, where a 25-basis-point rate cut is seen as a near certainty due to recent weak U.S. labor market data. This expectation has been a major factor in supporting equities and has led to a slip in U.S. Treasury yields to a five-month low.  * Mixed Economic Data: While the U.S. labor market shows signs of cooling, other economic indicators are mixed. U.S. inflation data from August was mixed, with CPI rising but producer prices declini

In recent days, China’s A-share market has ignited a long-awaited rally—Shanghai’s benchmark index broke through a ten-year high, and the total market capitalization of A-shares surpassed the landmark ¥100 trillion for the first time. This wave of momentum has drawn fresh attention to “China assets,” especially the potential of its technology sector.Over the past decade, when people think of the world’s most influential tech companies, their minds go straight to Wall Street’s “Big Tech Seven”: $Apple(AAPL)$ , $Microsoft(MSFT)$ , $Alphabet(GOOG)$ , $Amazon.com(AMZN)$ , $NVIDIA(NVDA)$

$Pop Mart International Group Limited(POPMF)$ Pop Mart is stirring excitement with Labubu 4.0 set to launch next Thursday, but the buzz is tempered by a sharp drop in secondhand prices for hot Labubu and Crybaby models, now nearing official retail levels on platforms like Taobao. This trend raises questions about fading hype, potentially signaling a stock pullback despite the company’s record H1 2025 revenue of 13.88 billion yuan (up 204%) and profit of 4.709 billion yuan (up 362%). With the S&P 500 at 6,466.58, Bitcoin at $115,000, and oil at $75/barrel amid 30-35% tariffs, the VIX at 14.49 suggests stability, but Pop Mart’s stock at HK$284 (up 270% YTD) faces scrutiny. As Labubu’s revenue share drops to 34.7%, is this a healthy shift or a w

Pop Mart is rewriting the rulebook with its first-half 2025 results, posting a staggering RMB 13.876 billion in revenue—a 204.4% year-on-year leap that already tops the full-year 2024 total of RMB 13.04 billion. Net profit soared to RMB 4.709 billion, up 362% from last year, outpacing the 2024 full-year profit of RMB 3.4 billion and smashing expectations. With the S&P 500 at 6,466.58, Bitcoin at $124,002, and oil at $75/barrel amid 30-35% tariffs, the rally stands out, though the VIX at 14.49 hints at lurking volatility. The stock, trading at HK$284 as of Tuesday, has surged 270% year-to-date, fueled by a diversified revenue stream where Labubu’s contribution dipped to 34.7% from over 40%, signaling a healthier portfolio. Can this momentum push it to HK$300 this week, or is the valuati

$POP MART(09992)$   I am truly impressed by the amazing earnings results from Pop Mart. The company's revenue for the first half of 2025 reaching RMB 13.876 billion, with a staggering 204.4% year-on-year increase, is a testament to its explosive growth. This figure surpasses the earlier target of RMB 20 billion for the entire year, which Founder Wang Ning had set with confidence at the beginning of 2025, aiming for a 50% overall growth from last year's RMB 10 billion. The fact that he now believes RMB 30 billion is easily attainable this year speaks volumes about the company's momentum. I find it particularly exciting that Pop Mart's stock surged more than 10% in a straight rally, hitting a record high. This ki

🚀 Pop Mart at New Highs — Is Labubu 4.0 the Start or the Peak? Pop Mart ($POP MART(09992)$  ) has done it again. The stock has pushed to fresh highs on the back of excitement for its Labubu 4.0 release. Fans lined up, payments for restocks poured in, and even the sidekick Crybaby models are flying off shelves. But beneath the frenzy, cracks may be forming. In the secondary market, prices of the hottest Labubu collectibles are sliding closer to retail levels — a sign that the hype cycle could be cooling. For investors, this raises the million-dollar question: is this still a 🚀 growth story to hold, or is it time to take profits before sentiment turns? --- 🎭 The Hype: Labubu Mania Labubu has become more than a to